In todays edition InTheMarket:

• 👨🏻‍💻 Intensive development of the next phase for DeFiChain.com

• 🧬 Introduction of the ‘Queue’ feature on Quantum

• 🔍 Potential Impact of the JellyToken on DFI-Price

• 📄 Official documentation for FloppyNet is now available

• 🧵 Summary of the German DeFiChain Community TwitterSpace

Read time: 4 minutes

^Hey,

Welcome to a new edition of the InTheMarket newsletter! There are exciting news and developments in the world of DeFiChain. Let's get started right away!

👨🏻‍💻Intensive development of the next phase for DeFiChain.com

Intensive work is currently underway on the next phase for DeFiChain.com. This upcoming update represents a significant step in the continuous improvement and expansion of the platform.

The main features of this update include:

Introduction of new content and sections: The update will provide a variety of new content and sections on the website. These new elements are intended to expand the offering of DeFiChain and provide you with additional information and resources.

Improvements to existing pages: Based on valuable user feedback, improvements and updates will be made to the existing pages of the website. These improvements aim to optimize the user experience and ensure the usability of the website.

There is great anticipation for the release of this update. It is expected to further enhance the platform and provide you with the best possible tools and resources.

🧬Introduction of the ‘Queue’ feature on Quantum

In response to feedback regarding liquidity on Quantum, a new feature called "Queue" will soon be introduced. This feature has been designed to address liquidity issues on Quantum and enable users to utilize the platform more efficiently.

With the "Queue" feature, users can queue their transactions. This means they no longer have to wait for sufficient liquidity to execute their transactions. Instead, their transactions will be automatically executed once enough liquidity is available.

This feature is another step towards improving the user experience on Quantum. It allows users to streamline their transactions and maximize the benefits of the platform.

🔍Potential Impact of the JellyToken (JLY) on DFI Price

In our last issue, we provided a first glimpse into JellyVerse, one of the new projects being built on DeFiMetaChain. Today, we want to delve deeper into the JellyToken (JLY) and examine its potential impact on the price of DFI.

The role of the JellyToken in JellyVerse is multifaceted, closely resembling the role of DFI in DeFiChain. The JLY token is used for fee payments, staking, liquidity mining, and collateralization while also enabling governance and rewards within the JellyVerse ecosystem. The opportunity to stake JLY provides you, as a token holder, the chance to profit from the protocol revenues across the entire JellyVerse ecosystem.

Given the maximum total supply of 1 billion JLY and an initial distribution of 400 million, demand for JLY could potentially skyrocket, which could have a significant impact on the price of DFI. But how exactly might this occur?

Interconnected Ecosystems: Both tokens, JLY and DFI, are an integral part of the same ecosystem. An increased demand for JLY, such as through enhanced staking, could thus stimulate interest in DFI. Both tokens are required for various functions within the JellyVerse and DeFiChain ecosystem, which could lead to an increased demand for both.

Expansion of User Base: The introduction of JellyVerse and JLY could expand the entire user base of DeFiChain. New users attracted by JellyVerse might also decide to invest in DFI, increasing demand and potentially leading to a price rise.

Platform Evolution: The introduction of JLY could further develop the entire DeFiChain ecosystem and open the platform for a broader range of applications. This could, in turn, attract more users and investors, driving the price of DFI upward.

We want to emphasize that these scenarios are based on hypotheses, and price movements depend on many factors, including market conditions, macroeconomic factors, and investor behavior. Therefore, it is crucial that you conduct your own research and make an informed decision.

In upcoming issues, we will continue to monitor developments around JellyVerse and its other components (JellySwap, jUSD, JellyBond, JellyStake), and look at how these might influence the DFI price. Stay tuned for more exciting updates!

📄 Official documentation for FloppyNet is now available

The official documentation for connecting to FloppyNet is now accessible. Users have the opportunity to experience the potential of the Meta Chain by connecting to FloppyNet through a public or local node. Both options are available, but using the local node is recommended for optimal performance. The following guides can be used to get started:

• Connecting to FloppyNet through a local node

• Connecting Metamask to FloppyNet

These developments enable users to fully leverage the potential of the Meta Chain and take advantage of decentralized finance technology. This is an important step in the continuous improvement and expansion of the platform.

🧵Summary of the German DeFiChain Community TwitterSpace

• Maurice, Paul, and other participants discussed their experiences from the weekend, including the Dortmund event.

• Peddy shared his focus on DeFiChain and the Jellyverse project.

• A video interview with Kügi, focusing on the DUSD debate and other DeFiChain topics, was mentioned.

• The conversation emphasized the importance of respectful and non-personal discussions within the DeFiChain community.

• The upcoming testnet and other projects on DeFiMetaChain were mentioned.

• Ralf praised Bene for his work, particularly his efforts to bridge the gap between NFC and DeFiChain.

• Two fighters, one of whom is also socially engaged, were featured on the podcast.

• Difficulties in persuading people to switch to DeFiChain were highlighted.

• Criticism of the event was acknowledged, and the representation of DeFiChain in Bonn was discussed.

• The importance of taking the time to do things right for DeFiChain was emphasized.

  You can listen to the complete space here
  

🎧 Dive Deeper with InTheMarket Podcast and YouTube Channel

Want to explore more about DeFiMetachain? Check out our podcast episodes on Spotify and Apple Podcasts, and don't miss our YouTube video where we discuss DMC in detail:

• Spotify

• Apple Podcasts

• YouTube:

💬Share Your Feedback with Us

That's all for now! Thank you for being with us on this exciting journey. Don't forget to share our DeFiChain newsletter with your friends and colleagues. Let's grow this community together!

We understand that blockchain and DeFi might not be the only topics that you're interested in. In a world increasingly dominated by technology, AI and machine learning are two more key areas that are becoming ever more relevant.

If you're interested in learning more about AI, particularly on how you can effectively utilize it in your studies or content creation, you might find these two e-books helpful:

• Study Smarter with AI: Your Guide to Academic Success

• Master Content Creation with AI: The Ultimate Guide for Content Creators to Boost Efficiency

Also, to keep you continuously updated, we have a special AI newsletter. You can subscribe here.

Best regards, Peddy